File No. ______________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under Section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
WILMINGTON TRUST COMPANY,
not in its individual capacity,
but solely as Trustee
(Name of foreign utility company)
BTM FUNDING CORPORATION
(Name of filing company, if filed on behalf of
a foreign utility company)
ITEM 1
Foreign utility status is claimed by a grantor trust established
pursuant to a Trust Agreement, dated as of September 11, 1998, between
Wilmington Trust Company, a Delaware banking corporation, not in its individual
capacity but solely as trustee (the "Trustee") and Bankers Commercial
Corporation, a corporation organized under the laws of the State of California,
BTM Funding Corporation, a corporation organized under the laws of the
Commonwealth of Massachusetts, and Manufacturers Life Insurance Company
(U.S.A.), a corporation organized under the laws of the State of Michigan (each
a "Beneficiary"). Bankers Commercial Corporation, BTM Capital Corporation and
Manufacturers Life Insurance Company (U.S.A.) are the beneficial owners of the
trust. The Trustee will act as the head lessee and sublessor of a group of
hydro-electric power plants with a combined turbine capacity of approximately
104 MW net (the "Facility"), located in the Misox valley in the south of
Switzerland. The Facility is owned by Misoxer Kraftwerke AG, a corporation
organized under the laws of Switzerland ("MKW"), and operated by
Elektrizitaets-Gesellschaft Laufenburg AG (EGL), a corporation organized under
the laws of Switzerland and currently holding 68% of MKW. MKW will be the head
lessor and sublessee of the Facility.
ITEM 2
Not applicable.
EXHIBIT A
Not applicable.
The undersigned company has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly authorized.
BTM FUNDING CORPORATION
By: /s/ Rory Laughna
Name: Rory Laughna
Title: Senior Vice
President
Date: September 11, 1998
